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20121205
20121213
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CNBC 10
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KPIX (CBS) 1
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English 24
Search Results 0 to 23 of about 24 (some duplicates have been removed)
will speak later to steve leisman about the fiscal cliff talks. we'll have a preview and discuss what traders want to hear. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ >>> goldman sachs earlier today cutting its outlook for gold and prices are closing right now. we have about a $2 loss in the gold market. sharon epperson is track being the action down at the nymex. sharon? >> gold prices are finishing the day basically flat here, s
of investing. carlisle's david rubenstein, steve shoresman blackstone, venture capital's marc andreesson, and jamie dimon. look at that -- >> in addition we have jerry webb. make us all -- the rest of us feel -- >> we have one -- >> you're an economist or something? you play on to have -- you can think about the 12-12-12 thing in the meantime because you're good at math. >> yeah. all that stuff. >> all right. >>> as we move closer to the edge of the fiscal cliff, every move is being magnified by the markets. president obama and house speaker john boehner spoke by phone on tuesday, exchanging new proposals. the president gave boehner a revised offer on monday, reducing his demand for new tax revenue from $1.6 trillion to $1.4 trillion over ten years. boehner responded with a plan that largely sticks to his original offer a week ago. reports say the white house has told republicans it would include an overhaul of corporate taxes in any budget deal. that hasn't been done before. in an exclusive interview with barbara walters of abc news, president obama says he still expects a deal before t
? >> pelley: steve hartman proves that he does "on the road". >> merry christmas! captioning sponsored by cbs pelley. this is the "cbs evening news" with scott pelley. >> pelley: good evening. erspelley: good evening. when the supreme court alters ed icourse of the nation, names are etched in history. ralessy v. ferguson" endorsed inial segregation; "brown v. board of education" ended it in hat ation. today we learned that the next name to make civil rights history may be "hollingsworth v. willy." her court said it will hear the case which could decide whether same-sex couples have a constitutional right to marry. the case centers on a ban on 20me-sex marriage that was passed by california voters in 2008. john blackstone has our lead from san francisco. >> reporter: for five months in 2008, same-sex couples in california could marry legally. then voters passed proposition 8 banning same-sex marriage. when gay couples challenged prop 8, both the state supreme court and the federal ninth circuit court of appeals ruled that banning same-sex marriage is unconstitutional. many supporters of same-s
the impact. >> lower bang for your qe buck as steve liesman put it earlier on. >> thanks for joining us. always good to see you, eyore pento. >> putting fire into the conversation. >> thank you. >>> so much for the holiday cheer. with the rate things are going in washington, there will be plenty of holiday jeer between now and the new year. >> the president's called for $1.4 trillion worth of revenue. that cannot pass the house or the senate. >>> well, two former presidential candidates face off after the break. i feel like i'm going back to 2008 or 2004. steve forbes says no tax hikes for anybody while howard dean argues everybody needs to pay a little more in taxes and not just the upper income. both sides of that coming up here. >> and also just ahead, the ceo of a tech company says he may be forced to cut jobs because of washington's fiscal follies. he's going to be here. he's going to explain how bad it will be, not just for him, but for other companies as well. >> and then later a retail boom on main street and wall street. with just two weeks to go until christmas, we'll tell you
on the deal, we're joined by virgin atlantic ceo steve ridgeway. steve, welcome to the program, thank you for coming on. >> hello, good afternoon. melissa: how will customers and shareholders know the difference or notice the difference now that we are seeing this portion of the company over to delta, what will feel different? >> i think we are a very strong airline. we started the heritage. delta likewise. delta has a huge presence in the u.s. but putting operations and schedules together, we have to get a deal approved which is obviously delta buying singapore's stake. and then we would create a joint venture across the north atlantic with antitrust abuse. we can coordinate our schedules and make sure we can bring together a bigger network for our customers and potential customers to fly on. it is very positive news with two good airlines coming together. really offering more choices to consumers. melissa: what do you make in choice? how dull the pain 360 million. quite a difference, what do you make of that? >> i think yes, it certainly is. it is the reality of the world we live in. th
conversation with our steve liesman. in corporate news, the apple coming off its worst day ofs losses this almost four years. u.s. equity futures, though, not too bad so far today. indicated up about 15 points. today is thursday, december 6th, penultimate day before the day of infamy. "squawk box" begins right now. >> welcome to "squawk box." i'm becky quick along with joe kernen. andrew ross sorkin is on vacation this week. onset with us is drew mattis. welcome. thanks for getting up early. >> i'm always up at this time. >> we'll be going through secretary geithner's comments, but first let's get you up to speed on other stories. joe was talking about apple. it has been a rough ten weeks for the most valuable u.s. company. shares tumbling more than 6% yesterday shedding $35 billion of market value. among the reasons cited by analysts, a forecast by an influential research firm suggesting that the iphone and ipad maker is continuing to give up ground it rival the android gadgets. there were also unconfirmed reports that at least one major stock clearing house was raising margin
former treasury official and "morning joe" economic analyst, steve rattner. >> financier. >> rattner is here. i like -- and we have to go back to that. it's the truth. >> it is! >> money is money. >> in washington, msnbc and "time" senior political analyst, mark halperin. >> we saw him on the streets of d.c. yesterday, and he was very cagey. >> the mean streets of d.c. >> yes. he was so cagey. >> he was. >> yes. yes. >> you can't ever ask those guys what they're doing, wherever they are. where you going? with who? a meeting. >> auditioning for a gang is what i'm doing. >> right. >> yes, exactly. lots of luck with that one. >> should we get to the news? >> fantastic. boy, there's some stories here, unbelievable. >> in the least. >> you talk about libya. i tell you what, you've got assad about to cross that red line. he's going to see russia leaving quick. i think you'll see even troops going in there if he starts using chemical weapons against his own people. about to cross the line. egypt, morsi in trouble. the biggest revolt since mubarak was pushed out of power. "the new york times
nailing steve cohen? charlie: i do not think people are focused on the fiscal cliff. they will not be focused until you see the market sell off. the market believes there will be a deal. until the market trade-off -- adam: we have a guest who will be talking about that a little later on as we get closer to the end of the year. the investigation is still underway. charlie: when you see the market trade-off you watch people freak out. interesting thing about steve cohen, there is no more remarkable trader out there than this guy. say what you want to about him. if you look at his returns, i think he started in 92, one down here. he is up this year, so far, 10%. that is why the feds are after him. i have been speaking to a lot of people with the fpi. long-term returns, consistent and less volatility. what they do, generally, they look at returns, pretty much steady returns, not a lot of volatility. you look at steve collins return, one down year. you look at warren buffett. he destroys profits over that period of time. buffett has more volatility and returns. steve cohe
're going to hear tomorrow, in the next hour, when steve liesman will join us with results of our fed survey. >>> an oh beck minister, important events. opec ministers are in vienna. >> why vienna, by the way? >> i don't know why they originally set it there, but it seems like as good a place as any. have you been? >> i have not been. >> i don't think i've ever been to vienna. i always wondered about that. >> i mean, it's better than meeting in, i don't know, skokie, right? they're expected to retain its 28 million barrel a day output target. but the real drama is likely to be about leadership, the world's leading oil exporters are expected to argue about who should be opec's next secretary general and we have candidates from iran, iraq and saudi ara a arabia. they're all competing to replace the current leader, as you can see there. abdallah salem el badri, he's 72 years old and he's been there for years. i don't know where i've been for five years, but did you know -- >> i apologize in advance. i didn't. >> you could have said you did and we've been best friends, in fact. >> he's complete
? >> steve, thanks for that. that's interesting stuff there. >> nothing like getting your blood pressure up. liesman testing you live on tv. >> what do you think? wrong, wrong. brought back bad memories, huh, carl? 2013 housing market outlook this morning, according to the report there will be an increase in new residential construction activity, and also recovery in home repair and remodel spending next year. robert, some of the stats are staggering. it's not just an increase in starts, you're looking for 950,000 starts. that would be a 22% increase. what's the primary driver of this? is there really that much demand out there for 950,000 new starts? >> we're looking for three things. tighter inventory levels, stable pricing environment, and low interest rates. so collectively, we think these three factors would definitely drive demand verystantially next year. it's been a terrific year for the home builders. we think we're still in the third inning, not the seventh inning. both for fundamentals and the stocks. >> is there a part of the market we'll see the most building? is it the lower e
steele is former chair of the republican national committee and an msnbc political analyst, and steve mcmahon's a democratic strategist. michael, you're on the republican side, and what do you think of that? the argument made by brooks which is more sophisticated. make your deal now while you can get something for it because after january 1st you will just be saving your rear end. >> i think he's absolutely right. i think part of that deal should include giving the president what everybody in this town agrees on, and that is those middle tax cuts for the middle class out of the bush tax cuts. set that aside because everyone agrees we're not going to go after those. then it gives you some time and some room to really negotiate down on that -- what that -- >> we have to do all that by january 1st. >> and it can be done. chris, this is not rocket science. that piece is very easy to -- >> but once you do that, why don't you admit you're not -- you're going to let the top rates go back to 39.6%. >> you can do that, but this is the kicker. the republicans want to see that they're actually goin
a redistribution of sales simply because they don't have the inventory at box stores. >> i hear what steve just said. but given the jobs report, we've also seen a drop in gasoline prices. when you get the -- when you remember the prices fell by gasoline. your decline in prices. that's a big increase in consumer spending and probably income last month. so i think consumers can replenish savings just a little bit and still have spending. you also have at the upper end $20 billion and growing of dividends declared this month. to beat the tax hike. that's $20 billion of cash flow that higher income individuals, not all of them but many of them will get. and much of that will end up being spent. >> you acknowledge that university in michigan consumer sentiment, that was big decline. and much of that is attributable to fears about the fiscal cliff. all bets could be off the table if we go off the fiscal cliff. >> sure if you go over the cliff. and you'll still have some tax hikes. we have consumer spending around 2% in real terms in line with income. we don't think the whole tax hikes will go into ef
. steve hair began with more from the -- herrigan with more from florida. >> reporter: he finds new ways to tell his story, this time streaming live from inside a detention center in guatemala. he took the occasion really to knock down reporters that he may have had a heart attack. insed, he said the symptoms he suffered were simply the result of stress from three weeks on the run. >> the problem i had the other day is i did not eat for two days. i drank very little liquids and for the first time in many years, i've been smoking almost non-stop. i stood up, passed out, hit my head on the wall. came to in total confusion. i am fine now. >> reporter: so the man who chronicled every move of his three week escape from belize including the disguises he wore is now continuing to tell that story from inside detention. >> shepard: the same man who has been described by many as a pathological liar said he wants to come back to the united states. is there a chance of that. >> reporter: no in the short-term. he's in an extradition battle. if he goes back to belize, if he's forced to go back, he'll
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of weakns in the participation rate and downward provisions to earlier reports. steve liesman joins us next with more on how economists are reacting to those numbers. >>> tomorrow, "squawk box" is kicking off a special day of fiscal cliff coverage. rise above: mission critical. becky quick and jim cramer, live in washington. 33 special guests, grover norquist, congressman jim hencer link, senators from both sides of the aisle, corker, warner, johnson, conrad reaching common ground on the debt deal. to the best vacation spot on earth. (all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone of our states. the beaches and waters couldn't be more beautiful. take a boat ride, go fishing or just lay in the sun. we've go
. in early 2011, steve jobs was asked if he would bring back jobs from klechina. he says those jobs are not coming back. hold on, under tim cook, there could be some. and apple, bringing back-- spending 100 million to bring some mac here, i say it's a total drop in the bucket. >> it's a broader narrative of manufacturing leaving china and it's not just apple. and lenovo, china's largest pc maker, says it's bringing some production to the north carolina facility and ge, for instance, is bringing a lot of production back from china, small and medium sized manufacturers are doing this. go to wal-mart and look at the house brand george, all of it's made in bangladesh, used to be in china. stuart: why is manufacturing-- for years we've said china is the manufacturing center piece of the planet. why is it leaving? >> there are so many reasons. first of all, wage rates are going up much fraster than product ticht and labor peaked political risk is not a factor and now it is, china is trying to use geopolitical leverage and risk of intellectual property loss and china is no longer advantage
that's right. and it steves group, the manhattan institute, has an extra very worth pointing at the differences, but you're right. taxpayers a beginning to realize this monopoly power that unions have over government which is the new frontier for them what the final frontier is really causing a rift between the rank-and-file workers in the private sector who have to pay these taxes for increased government and the rank-and-file workers in the public sector that are enjoying these benefits. it can't go on, and that was the battle in wisconsin, part of the baatle in michigan. lou: you cited a 2010 study in which you talk about the population growth of the right to work states. we are watching union states, usually high tax states. we are watching and the migration from those states. >> quite extraordinary. about 28 percent of the population lives in right to work states. by 2008 it was a 40%. it's now 43%, and it michigan becomes right to work, that means 46 percent of the population. if you had population growth in places like texas and florida in coming years we could be at 5
our troops in iraq and afghanistan indefinitely but making stuff up to prove his point, as steve bennett points out. obama never said the united states overreacted to 9/11 or did he apologize for our actions. >> 9/11 was an enormous trauma to our country. the fear and anger it provoked was understandable. but in some cases it led us to act contrary to our traditions and our ideas. >> dick cheney is up to his old tricks, still lobbying for endless war and lying to make his case. i'm joined by colonel lawrence wilkerson, former chief of staff at the state department and a visiting professor of government and public policy at the college of william and mary. it is amazing that dick cheney's view of the middle east hasn't changed a bit. does that surprise you? >> it doesn't surprise me. i would have thought he would have grown a little in wisdom since that time. one of the reasons the middle east is hostile to u.s. interests today is because we invaded iraq. >> he thinks we should still be there. what is your response? >> he thinks we should be there because he believes we should be
to be able to compete around the world. >> and then larry, later in the afternoon, our steve leishman sat down with treasury secretary tim geithner. geithner in that interview late in the afternoon made it clear that this is brinksmanship of the highest order. >> i want to understand the administration's position when it comes to raising taxes on the wealthy. those making more than $250,000. if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect for an agreement that doesn't involve those rates going up on the top 2% of the wealthy. it's only 2%. >> reporter: of course, up on capitol hill, republicans don't necessarily agree with that. speaker of the house john boehner said today that he is still waiting for a counterproposal now from the president of the united states. and we learned late this afternoon that in fact speaker boehner and president obama had a phone call today. we don't know, however, what was said in that call. but reports are that some progress is being made in these negotiations. at least co
on taxes and what not. >> eric: the reality is, we have a spending problem, steve. how much money we're actually taxing, tax revenues are going up. >> they have to. >> eric: it's a spending issue. if we're putting a trillion dollars into the deficit you can't fix that with taxes. >> no, you sure can't. eric, when i first came to washington, which was about 25 years ago, we barely had a trillion dollar budget and here we are, 25 years later and we're closing in on a 4 trillion dollar budget and that under democrats and republicans as well and there haven't been serious cuts in spending in this town in at least 10 or 15 years and i'm kind of frustrated that neither party is really serious about getting these spending programs under control. i mean, we have been-- you look at entitlement programs and president obama and a lot of democrats say we can't cut medicare, social security, medicaid. and that's half the budget there. of course, we're spending 600, 700 billion dollars a year just to pay the interest on the debt. just on the interest. so you don't get any return on that. one last
because the end will be -- steve spurrier still hasn't recovered from his stint in washington. the guy was a football god. he went to washington and immediately the stories started, you know, that this guy was bush league. he was a college coach. if saban goes up and fails a second time -- and god bless him, he's done enough for alabama, he deserves that right, or do you want to be remembered the greatest college football coach of all time? he sticks around another ten years, wins more champion sshi people consider this guy the john wooden of college football. >> when you look at what they've done p college coaches, that could be the lure, but he was miserable when he was at miami. in his second year with the dolphins, he was looking for opportunities back at the college game. i think it would take a lot to get him back to the nfl. when you look at all the teams that will need coaches -- >> but why go? >> well, money. a lot of money. a whole lot of money. >> in the words of dire straits, he's got a daytime job. he's doing all right. but again, seriously. you've got the chance to be the
Search Results 0 to 23 of about 24 (some duplicates have been removed)